XAUUSD

On the first trading day of the week; the ounce of gold has retreated somewhat due to the effect of the US 10-year Treasury bond interest moving around 4.50% again. The precious metal, which opened the day at 2360, is priced around 2355 while the analysis is being prepared. It is observed that the commodity is experiencing a decline due to the appreciation of the dollar. We can see downward relaxations as long as it remains below 2.357. The daily loss for the ounce of gold, which closed at 2.354 on the previous trading day, was 0.24%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 59.16, while its momentum is at 100.95. The 2.357 level can be followed in intraday upward movements. If this level is exceeded, the 2.361, 2.367 and 2.371 resistances may become important. In case of possible pullbacks, 2,351, 2,348 and 2,341 will be monitored as support levels. Support: 2348 - 2341 Resistance: 2357 - 2361